one random quotation out of 28,066 quotations
author/source
Wall Street and FDR
by Antony C. Sutton
Buccaneer Books, 1975, paperback
p72
keyword(s)
Wall Street
Franklin Roosevelt
corporate socialism
monopoly capitalism
Federal Reserve

quotation
John D. Rockefeller and his 19th century fellow-capitalists were convinced of one absolute truth: that no great monetary wealth could be accumulated under the impartial rules of a competitive laissez faire society. The only sure road to the acquisition of massive wealth was monopoly: drive out your competitors, reduce competition, eliminate laissez-faire, and above all get state protection for your industry through compliant politicians and government regulation. This last avenue yields a legal monopoly, and a legal monopoly always leads to wealth.